SEBI fines Prannoy Roy, NDTV promoters Rs 27 crore over regulatory violations
The regulator said its probe began after receipt of complaints, in 2017 from Quantum Securities Pvt Ltd a shareholder of NDTV about an alleged violation of rules by non-disclosure of material information to the shareholders about loan agreements with VCPL
PTI | January 11, 2021 | Updated 15:44 IST
NDTV Promoter Prannoy Roy
Markets regulator Sebi on Thursday imposed a total penalty of Rs 27 crore on NDTV promoters, Prannoy Roy and Radhika Roy, as well as on RRPR Holding for violating various securities norms by concealing information from shareholders regarding certain loan agreements.
RRPR Holding is a promoter entity of New Delhi Television Ltd (NDTV).
Sebi imposes Rs 27-cr fine on NDTV promoters Prannoy Roy and Radhika Roy for violating regulatory norms
SECTIONS
Sebi imposes Rs 27-cr fine on NDTV promoters Prannoy Roy and Radhika Roy for violating regulatory normsPTI
Last Updated: Dec 24, 2020, 09:56 PM IST
Share
RRPR Holding is a promoter entity of New Delhi Television Ltd (NDTV).
According to Sebi, certain loan agreements had clauses that have adversarial effect on the NDTV shareholders.
Related
NSE
Explore Now
Markets regulator Sebi on Thursday imposed a total penalty of Rs 27 crore on NDTV promoters, Prannoy Roy and Radhika Roy, as well as on RRPR Holding for violating various securities norms by concealing information from shareholders regarding certain loan agreements.
BW Businessworld
SEBI Bans 16 Entities For Front-Running Activities
SEBI has barred Manish Chaturvedi from the capital markets for seven years, while Madhu Chanda, Anandilal Chanda, Anandilal Chanda HUF and Jain have been barred for six years.
Photo Credit :
Regulator Sebi on Friday barred 16 entities from the capital markets for up to seven years for indulging in front-running activities.
The entities have been prohibited from the capital markets for a period ranging from five to seven years. Of the 16 entities, six have been asked to disgorge illegal gains of nearly Rs 20 crore.
Front-running refers to an illegal practice in stock market where an entity trades on the basis of advance information from a broker or analyst before the information has been made available to their clients.
Synopsis
Front-running refers to an illegal practice in stock market where an entity trades on the basis of advance information from a broker or analyst before the information has been made available to their clients.
The order follows a Sebi probe into suspected front-running by certain entities between March 2009 to March 2011.
NEW DELHI: Regulator Sebi on Friday barred 16 entities from the capital markets for up to seven years for indulging in front-running activities. The entities have been prohibited from the capital markets for a period ranging from five to seven years. Of the 16 entities, six have been asked to disgorge illegal gains of nearly Rs 20 crore.
Deposit Rs 250 crore as per SAT order: Supreme Court to RIL financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.